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By 2020, global IoT spend is expected to reach $1.29 trillion , and the manufacturing industry is expected to account for 15% of all IoT spending in the U.S. While the costs of implementing IIoT solutions have fallen to more affordable levels, companies run the risk of exceeding their budgets and falling short of executive expectations if solutions are not implemented correctly. Implementing new technology doesn’t need to be expensive. By starting small and keeping business objectives at the forefront of every decision, leaders can dramatically reduce the inherent risks in IIoT implementations. That said, manufacturers need to consider the following points in order to maximize ROI:. Focus on outcomes, not timelines. Full story

18 January